ADP, Amdocs, Cree: Analysts' New Ratings

Also see: Apple, DuPont: New Targets, Estimates

Editor's Note: Green and red arrows refer to intraday stock price movement.

NEW YORK ( TheStreet) -- CHANGE IN RATINGS

Automatic Data ( ADP) was initiated with a Hold rating at Jefferies. $53 price target. Stock is already pricing in better operating momentum, Jefferies said.

Anixter ( AXE) was upgraded at Robert Baird from Neutral to Outperform. $88 price target. Valuation call, given better industrial demand, Baird said.

Acuity Brands ( AYI) was initiated with a Hold rating at Keybanc. Stock is already pricing in organic growth potential and higher margins, Keybanc said.

Cree ( CREE) was rated new Buy at Keybanc. $41 price target. Investor sentiment appears too low, as fundamentals could soon bottom, Keybanc said.

Amdocs ( DOX) was initiated with a Buy rating at Jefferies. $35 price target. New CEO is investing more aggressively back into the business, Jefferies said.

Green Dot ( GDOT) was started with a Hold rating at Jefferies. Stock is still not cheap and the company faces potential pricing pressure, Jefferies said. $36 price target.

Holly ( HOC) was initiated with a Buy rating at UBS. $86 price target. Imminent merger with Frontier Oil ( FTO) and strong cash position, UBS said.

LinkedIn ( LNKD) was initiated with a Buy rating at Bank of America/Merrill Lynch. $92 price target. Well-positioned for next generation of Internet usage, BofA/Merrill Lynch said.

Mastercard ( MA) was initiated with a Buy rating at Jefferies. $333 price target. Market is still not giving the company enough credit for its earnings growth potential, Jefferies said.

NRG Energy ( NRG) was upgraded at Jefferies to Buy. $27 price target. Company will likely repurchase more stock, Jefferies said.

NYSE Euronext ( NYX) was upgraded at KBW from Market Perform to Outperform. $39 price target. Current price provides substantial upside regardless of DBI deal, KBW said.

Omnivision ( OVTI) was upgraded at Canaccord Genuity. $38 price target. Recent supply-chain checks were positive, Canaccord Genuity said.

Paychex ( PAYX) was initiated with a Hold rating at Jefferies. $31 price target. Company will struggle to achieve targeted sales growth, Jefferies said.

Rowan ( RDC) was upgraded at Duncan-Williams from Buy to Strong Buy. $50.25 price target. Company reported new contracts and is adding more drillships to its fleet, Duncan-Williams said.

Spectra Energy ( SEP) was upgraded at UBS from Neutral to Buy. $34 price target. Recent pullback has rebalanced risk/reward profile, UBS said.

Seagate Technology ( STX) was upgraded at FBN from Sector Perform to Outperform. $21 price target. Positive share gains against HGST, FBN said.

TJX Companies ( TJX) was upgraded at Goldman Sachs from Neutral to Buy. $61 price target. Company should post accelerating earnings growth, Goldman said.

Tesoro ( TSO) was initiated with a Neutral rating at UBS. $23 price target. Challenging regulatory climate, UBS said.

Visa ( V) was initiated with a Buy rating at Jefferies. $95 price target. Regulatory concerns are likely manageable, Jefferies said.

Valero ( VLO) was initiated with a Buy rating at UBS. $33 price target. Well-positioned to export refined product to faster growing markets, UBS said.

Western ( WNR) was initiated with a Neutral rating at UBS. $17 price target. Debt concerns abating, UBS said.

End of report.

This article was written by a staff member of TheStreet.

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